SEC Lowers Quorum Threshold, White House Has Not Named a Replacement After Hester Peirce’s Departure
According to an October 14 report, the final rule adopted by the U.S. SEC and effective October 2 (Rule 34-106537) is intended to “promote flexibility and decisiveness in agency rulemaking.” In most cases, the new rule lowers the quorum requirement: when only two commissioners are present, a single commissioner can constitute a quorum and adopt formal rules. On the same day the rule took effect, SEC Commissioner Hester Peirce officially departed. New SEC Rule: One of Two Commissioners Present Ca
Bisc·10-14 02:24
